Directors and Officers, Employment Practices Liability, Errors and Omissions, Key Employee

Directors and Officers Coverage (D&O)

Directors and officers of a corporation can be held personally and financially liable for an actual or alleged breach of duty in the course of managing the affairs of a corporation. The D&O policy provides coverage for legal and court fees and protects the personal assets of a company’s management.

Employment Practices Liability (EPL)

EPL insurance protects an employer against a wide variety of employment related claims, such as sexual harassment, wrongful termination, age or race discrimination or noncompliance with the Americans with Disabilities Act. Due to the rise in frequency and severity of such claims, EPL coverage helps to shield companies from crippling compensatory damages in cases of actual or alleged misconduct.

Errors and Omissions (E&O)

E&O insurance protects your company from claims arising from your clients holding you responsible for negligence, errors, or the failure to perform as promised in a contract, etc.. Coverage includes legal and court fees, as well as awarded compensations up to the policy limit.

Key Employee Insurance

When a key employee, who is vital to the operations of a business, dies or becomes disabled, a company is faced with unexpected expenses to replace that employee. These expenses can arise from the need to advertise, training a new employee, outsourcing certain projects, retaining customers until a replacement is found and paying creditors. Key employee insurance is a life insurance policy, issued on the life of the employee with the company being the beneficiary.